About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

LeapXpert Partners with OpenFin to Increase Productivity Around Messaging Apps

Subscribe to our newsletter

LeapXpert, the enterprise-grade business communication platform, has announced a strategic partnership with OpenFin, the operating system (OS) of enterprise productivity.

Under the partnership, LeapXpert’s Federated Messaging Orchestration Platform will be integrated into OpenFin OS, enabling traders and other enterprise employees to retrieve critical information sent through messaging applications without leaving their primary workspace or interrupting their workflow.

OpenFin OS, used by 90% of global financial institutions, is designed to simplify app distribution, unify the digital workspace, and enable seamless communication and workflow between apps. LeapXpert’s platform enables users to communicate through popular consumer messaging apps from one unified environment, while staying compliant with record-keeping regulations.

Two of the key drivers behind the partnership were regulatory compliance and productivity, says Vicky Sanders, Chief Digital Officer at OpenFin. “With US banks being fined more than a billion dollars for wrong use of communication, it’s ever present in the mind of management that they need to have the right systems and technology in place to monitor all communication, whether it’s email, approved desktop chat channels, or messaging apps such as WeChat or WhatsApp. But there’s a much bigger macro driver, which is productivity,” she continues. “Particularly with communication being diversified away from email to these other forms of chat and text.”

By removing the need to toggle between devices and apps to respond to messages or search for critical data within threads, which can be time consuming and inconvenient, the integration between LeapXpert and OpenFin will address the communication needs of traders in one place, thereby increasing productivity, says Sanders. “In a trading floor environment, you might get a WhatsApp message from a client and instead of having to pick up your phone – which on many trading floors you’re not allowed to do – you get a desktop alert, and you can reply to your client immediately within that alert,” she says.

There are other synergies across the two businesses, adds Sanders. “LeapXpert originated with a wealth and investment banking client base and is now moving more into capital markets as it grows its global business. Openfin’s business is growing beyond the capital markets teams we’ve worked so closely with for over a decade, into different divisions at those banks. So we’re at a very nice meeting point. Working with LeapXpert is a great transition for us as we continue to grow our global reach.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best approaches for trade and transaction reporting

Compliance practitioners and technology leaders in capital markets face mounting pressure to ensure that reporting processes are efficient, accurate, and aligned with global standards. Market developments and jurisdictional nuances in regulatory frameworks like MiFID II, EMIR, SFTR and MAS create a continual challenge for compliance teams. This webinar brings together senior RegTech executives and seasoned...

BLOG

Platform-Led Strategies for Solving Market Data Fragmentation, Cost and Governance Challenges

For any Chief Data Officer or Head of Trading Technology, the line item for market data is both one of the largest and most complex to manage. The challenge is no longer simply about plumbing feeds into applications. It is a strategic imperative to control spiralling costs, integrate a chaotic mix of traditional and alternative...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Data Lineage Handbook 2019

Welcome to our latest handbook on data lineage, a critical concern for data managers working to achieve regulatory compliance, deliver operational gains, and provide meaningful value to the business. The handbook covers the complete scope of data lineage, with a view to helping you win management buy-in and budget, decide whether to build or buy...